Taught course

Actuarial Management

Heriot-Watt University · School of Mathematical and Computer Sciences

Entry requirements

Entry requires a strong Bachelors or Masters degree with a substantial actuarial content and covering a sufficient number of the Core Technical subjects CT1 to CT8 of the professional actuarial examinations.

A willingness to work hard and a drive to succeed are also important prerequisites.

Months of entry


Course content

Entry to the actuarial profession is by a demanding series of examinations, but the rewards after qualifying are great. The Institute and Faculty of Actuaries in the UK has four levels of examinations to qualify. The first level, the Core Technical (CT) subjects, are taught in our BSc or MSc in Actuarial Science and lead to exemptions from CT1 to CT8.

Our MSc in Actuarial Management is an established and successful programme covering the more advanced actuarial subjects and offering exemptions from the syllabuses of the Core Application subjects CA1 and CA3 and Specialist Technical subjects ST2, ST4, ST5, ST6 and ST9 of the Institute and Faculty of Actuaries.

Students will typically study CA1, CA3 and up to three ST subjects (two ST subjects are needed to satisfy the profession's requirements).

Taking our MSc in Actuarial Management is a great way to speed your progress to this most prestigious of careers - it's designed to take you almost all of the way to qualification. A student who graduates with a full set of exemptions from Heriot-Watt (CT, CA and ST subjects) will only have three more examinations to pass, as well as gaining the necessary work experience, to qualify as a Fellow of the Institute and Faculty of Actuaries.

Fees and funding

We aim to encourage well-qualified, ambitious students to study with us and we offer a wide variety of scholarships and bursaries to achieve this. Over £6 million worth of opportunities are available in fee and stipend scholarships, and more than 400 students benefit from this support. View our full range of postgraduate taught scholarships.

Qualification and course duration


full time
12 months
part time
48 months


part time
48 months
full time
9 months

Course contact details

+44(0) 131 451 8444